Established Banquet Hall with
6155 W FULLERTON Avenue Chicago, IL 60639
For Sale
$1,249,500
COMMERCIAL - Chicago, IL
Property Size6,000 SF
Lot Size0.20 Acres
Price / SF$208.25
Days on Market334
Property Features for 6155 W FULLERTON Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 13321040020000
- Size
- 6,000 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 17945
Utilities
- Cooling system
- Central Air
Building Details
- Floors in Building
- 1
- Building materials
- Concrete
- Roof type
- Rubber
Listing Agency:
RE/MAX 10 Lincoln Park
(773) 348-8500
Listed By:
Angel Navarro · License #475127008
(708) 857-1500
Added: Aug 28, 2025
Changed: May 13
Last Checked: Jul 27 at 4:06AM
MLS# 12454410
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property in Chicago, IL, presents an opportunity to own an established banquet hall that has been in operation for over 38 years. The building, which has been recently remodeled and includes over $300,000 in improvements, features over 6,000 square feet. The banquet hall has a capacity for 200 to 250 people and includes all furniture, equipment, and a liquor license. The property also includes two apartments on the second floor, providing additional rental income. The front apartment rents for $1,600, and the rear apartment rents for $1,150. Recent improvements include two newer furnaces, central air conditioning, a new roof, and all new bathrooms. The property is situated on a 0.2043-acre lot and is zoned COMMR. The location offers convenient access to public transportation, including CTA and Metra, as well as proximity to Home Depot, Lowe's, schools, Riis Park, and the Brickyard Shopping Center. The property is located at 6155 W FULLERTON Avenue, Chicago, IL 60639.
Key Highlights
- Established banquet hall business (38+ years) with 6,000+ sq ft, furniture, equipment, and liquor license included.
- Two income‑generating apartments on the second floor (renting for $1,600 and $1,150).
- Recent remodeling with over $300,000 in improvements including new baths and roof.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $140.4k | $23.40 |
| − Vacancy | −$9.1k | −$1.52 |
| EGI | $131.3k | $21.88 |
| − OpEx | −$32.8k | −$5.47 |
| NOI | $98.5k | $16.41 |
6,000 SF · lease $23.40/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,456 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.52M
NOI $91,393 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$2.65M
$2.32M – $3.10M
NOI $185,702 @ 7.0% cap · market cap 14.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Parkview Villa Banquets
Wedding Service
FAQs
What type of property is this?
Turn key restaurant - Banquet hall with apartments for additional income in Chicago.
Where is this turn key restaurant located?
The property is located at 6155 W FULLERTON Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,249,500.
What are key features of this property?
This property features: Established banquet hall business (38+ years) with 6,000+ sq ft, furniture, equipment, and liquor license included.; Two income‑generating apartments on the second floor (renting for $1,600 and $1,150).; Recent remodeling with **over $300,000 in improvements including new baths and roof**.
